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Wednesday, June 17, 2009 5:32:47 PM
News for 'SIRI' - (SmarTrend(R) News Watch: Sirius XM to Debut iPhone App Thursday)
Jun 17, 2009 (SmarTrend(R) News Watch via COMTEX) -- Sirius XM Radio
(NASDAQ:SIRI) said today that the company will launch an application for the
Apple (NASDAQ:AAPL) iPhone Thursday, June 18 that will bring the satellite radio
service to iPhone and iPod Touch users, according to a Reuters report. The
service will be free for those who subscribe to Sirius' Internet service, others
will have to pay about $3.00 per month. Sirius currently has about 19 million
subscribers, most of which signed on when buying cars that had the necessary
equipment built in to a newly purchased vehicle. While Sirius faces tough
competition from free radio services on the iPod like Pandora and Slacker, the
company will gain access to a substantial portion of the more than 40 million
devices sold by Apple to date.
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Source: Comtex Wall Street News
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